Saturday, July 31, 2021

All important deadlines you should know

The revenue tax division has issued a brand new e-calendar for the yr 2021 having an inventory of all of the vital tax-related deadlines. Designed because the ‘Honoring the trustworthy’ calendar, the revenue tax division in an e mail ship to the tax payers wrote, “Welcome to a brand new period the place tax system is turning into seamless, faceless and paperless. Each taxpayer is a nation builder. “Here’s a calendar to make your tax journey less complicated and simpler.”

Listed here are all of the vital dates you must know from revenue tax perspective in 2021:

January 10 : Prolonged due date for Submitting ITR for AY 2020-21 for Taxpayers not requiring Audit

January 15: Date for furnishing numerous audit reviews underneath the Revenue-tax Act

January 15: Quarterly assertion of TCS deposited for the quarter ending December 31, 2020

January 30: Quarterly TCS certificates in respect of tax collected for the quarter ending December 31, 2020

January 31: Final Date for making Declaration underneath Vivad Se Vishwas Scheme

January 31: Quarterly assertion of TDS deposited for the quarter ending December 31, 2020

February 15: Prolonged Due Date for Submitting ITR for AY 2020-21 for taxpayers requiring audit

February 15: Quarterly TDS certificates (aside from wage) for the quarter ending December 31, 2020

March 15: Fourth instalment of advance tax for the AY 2021-22

March 31: Final date for submitting belated or revised return of revenue for AY 2020-21

March 31: Quarterly statements of TDS/TCS Deposited for Q1 & Q2 of FY 2020-21

March 31: Final date for fee underneath Vivad Se Vishwas Scheme with out further levy

March 31: Final date for Linking Aadhaar with PAN

Could 15: Quarterly assertion of TCS deposited for the quarter ending March 31, 2021

Could 31: Quarterly assertion of TDS deposited for the quarter ending March 31, 2021

Could 31: Due date for furnishing of assertion of economic transaction u/s 285BA in respect of FY 2020-21

June 15: First instalment of advance tax for AY 2022-23

June 15: TDS Certificates-Type 16 to staff (in respect of wage paid) for AY 2021-22

June 15: Quarterly TDS certificates (aside from wage) for the quarter ending March 31, 2021

July 15: Quarterly assertion of TCS deposited for the quarter ending June 30, 2021

July 30: Quarterly TCS certificates for the quarter ending June 30, 2021

July 31: Quarterly assertion of TDS deposited for the quarter ending June 30, 2021

July 31: ITR for AY 2021-22 for all assessees aside from (a) company assessee or (b) non-corporate assessee who’s liable to get his accounts audited or (c) assessee who has entered into a global or specified home transaction

August 15: Quarterly TDS certificates (aside from wage) for the quarter ending June 30, 2021

September 15: Second instalment of advance tax for AY 2022-23

September 30: Audit Report for AY 2021-22 in case of assessee who has not entered into a global or specified home transaction

October 15: Quarterly assertion of TCS deposited for the quarter ending September 30, 2021

October 30: Quarterly TCS certificates for the quarter ending September 30, 2021

October 31: Quarterly assertion of TDS deposited for the quarter ending September 30, 2021

October 31: ITR for AY 2021-22 for assessees (not having a global or specified home transaction) who’s (a) company assessee or (b) non-corporate assessee whose books are required to be audited

October 31: Audit report for AY 2021-22 in respect of assessee having an Worldwide or specified home transaction

November 15: Quarterly TDS certificates (aside from wage) for the quarter ending September 30, 2021

November 30: ITR for AY 2021-22 in respect of assessee having a global or specified home transaction

December 15: Third instalment of advance tax for AY 2022-23

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